BARCAP TRIUMPH IN SQUARE MILE RELAY September 10, 2009 THE City’s many sporting fanatics were out in force last night at the Bloomberg Square Mile Relay, which saw around 100 teams of ten runners competing over a specially-designed mile-long course. Special mention must go to third-placed West LB, second-placed Legal & General, and Barclays Capital, who broke L&G’s two-year winning streak to take this [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 9, 2009 FINANCIAL TIMES BAXTER BEHIND ON ORDERSBaxter, the US pharmaceuticals company, has failed to meet its pledge to rapidly deliver flu vaccine, stalling efforts to reduce the impact of the pandemic. British officials said they had received less Celvapan vaccine than agreed with Baxter, one of two companies with which the Department of Health signed a [...]
Berkeley says market stable September 9, 2009 Housebuilder Berkeley Group said yesterday that its main markets in London and the south east of England remained stable and that it had bought a number of new sites in recent months. The developer, which in June pointed to signs of emerging stability after the bubble burst on Britain’s booming housing market, said cancellation rates [...]
THE LONDON REPORT June 21, 2009 THE JUNE gauntlet of retail company statements is set to continue this week, with two UK electronics giants due to issue full-year 2009 results. DSG, Kesa and Inchcape are lining up to report, following last week’s announcements from Tesco, J Sainsbury, Whitbread and Morrison. Kesa Electricals, which runs electronics store Comet among its Europe-wide retail [...]
Saad credit lines shut down June 11, 2009 FEARS were growing yesterday that Saad Group’s holdings in a raft of companies could be sold-off, as western banks began to shut down credit lines to the company and its billionaire chairman, Maan al-Sanea. Concerns escalated after the central bank in the United Arab Emirates instructed local banks to suspend lending to the troubled Saudi [...]
Saad sell-off spooks City June 9, 2009 SHARES in Berkeley Group fell by 5.2 per cent yesterday after Saad Group sold nearly half its stake in the construction company, heightening concerns over the future of the Saudi investment firm’s other holdings. Saad, which held 28.5 per cent of Berkeley at the end of April, sold 16m of shares at a discounted 701p [...]
HSBC and Berkley fall after Saudi accounts frozen by banks June 1, 2009 SHARES in HSBC and housebuilder Berkeley Group dropped yesterday after the accounts of a major shareholder were frozen by the Saudi Arabian Monetary Agency (SAMA). The Saudi central bank ordered domestic lenders to freeze the bank accounts of businessman Maan al-Sanea, one of the country’s wealthiest businessmen. Sanea is chairman and founder of the Saad [...]
HSBC and Berkley fall after Saudi accounts frozen by banks June 1, 2009 SHARES in HSBC and housebuilder Berkeley Group dropped yesterday after the accounts of a major shareholder were frozen by the Saudi Arabian Monetary Agency (SAMA). The Saudi central bank ordered domestic lenders to freeze the bank accounts of businessman Maan al-Sanea, one of the country’s wealthiest businessmen. Sanea is chairman and founder of the Saad [...]
Berkeley pays bosses £60m July 7, 2008 Multi-Millionaire property entrepreneur Tony Pidgley and three of his fellow directors at housebuilder Berkeley Group are getting a £60m pay-out, it has emerged. Pidgley and the three other members of the management team will net around 7 per cent of the company, which is valued at around £770m. The pay-outs come at a time when [...]
Hitting Heights: Richard Downs October 31, 2005 He started the company as a theoretical case study for part of his MBA — then hired a staff of dedicated skiers to ensure a real-life peak performance. As stars of the dotcom era crashed and burned, one travel company bucked the trend to become one of Britain’s biggest online success stories. Founded seven years [...]